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Definitive Analysis

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Page: Industry Financials

0QQ0.L

Industry Analysis

Master Data Export

Industry Enterprise Value

Metric MRQ 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Stock Price 87.34 64.82 59.28 61.13 67.29 57.57 52.15 41.82 35.27 30.07 27.42 28.42 25.09 25.38 21.58 26.06 29.15 28.18 42.40 34.81 29.37 24.47 24.64 20.73 26.56 28.33 20.63 26.69 27.34 22.94 24.56
Market Capitalization 33,919.52M 19,376.44M 17,758.64M 18,381.21M 19,833.42M 16,937.58M 14,806.35M 12,080.65M 9,756.75M 8,372.37M 7,336.81M 7,988.03M 6,795.09M 6,223.10M 4,554.86M 4,873.14M 4,779.46M 4,393.27M 7,078.32M 6,459.91M 7,316.63M 5,061.49M 5,459.22M 4,703.14M 6,350.72M 6,425.74M 4,603.19M 4,291.11M 4,289.41M 3,150.99M 3,300.56M
(-) Cash & Equivalents 377.04M 546.69M 379.68M 278.75M 269.52M 416.55M 170.00M 184.89M 240.10M 284.97M 335.59M 248.41M 302.58M 275.20M 293.26M 341.93M 307.65M 147.90M 198.75M 74.72M 146.19M 300.69M 415.79M 638.11M 198.14M 145.90M 94.12M 41.89M 25.50M 51.10M 28.80M
(+) Total Debt 20,540.50M 12,385.83M 11,362.95M 10,495.21M 9,765.65M 8,635.60M 7,671.96M 6,862.48M 6,703.98M 7,376.98M 6,813.03M 6,587.63M 6,090.54M 3,994.13M 4,044.76M 4,099.15M 3,749.63M 3,540.88M 4,429.31M 3,743.57M 3,806.34M 4,093.49M 5,326.29M 6,613.26M 9,108.24M 5,486.74M 4,232.17M 1,878.73M 1,856.39M 2,222.20M 1,925.90M
Enterprise Value 55,343,073,479.83 31,286,547,834.99 28,693,886,030.63 28,535,708,783.39 28,853,168,079.06 24,910,069,130.86 22,209,588,295.27 18,696,151,821.03 16,765,505,224.81 15,282,096,022.82 14,246,408,781.42 14,704,274,824.55 12,838,400,314.37 10,971,752,113.76 7,729,489,312.89 7,553,473,372.57 7,530,460,431.50 7,989,871,379.21 11,964,551,661.34 10,778,486,803.66 11,045,732,747.20 8,854,291,695.76 10,369,713,691.33 10,678,294,901.33 15,260,820,533.33 11,766,576,414.67 8,741,236,060.00 6,127,942,681.67 6,120,303,495.67 5,322,092,520.00 5,197,663,262.00

Industry Income Statement

Metric TTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue 10,322.70M 7,595.02M 8,689.33M 8,687.79M 6,742.95M 5,449.59M 5,488.04M 5,165.91M 5,322.52M 5,028.09M 5,383.70M 5,631.57M 5,395.10M 4,868.46M 4,799.62M 4,721.90M 4,827.14M 4,471.82M 4,141.53M 3,787.45M 4,742.34M 3,869.89M 4,678.09M 4,167.75M 5,104.96M 5,691.69M 3,916.34M 3,370.88M 2,059.55M 2,654.20M 2,568.60M
Cost of Revenue 6,111.73M 4,516.16M 5,151.86M 6,049.78M 4,548.84M 3,360.63M 3,640.16M 3,449.03M 3,348.60M 3,289.15M 3,582.56M 3,759.88M 3,581.37M 3,243.55M 3,249.46M 3,096.40M 2,582.75M 2,303.60M 2,048.10M 1,879.71M 2,182.57M 1,222.95M 1,917.43M 1,511.12M 1,980.35M 2,950.25M 1,760.70M 1,298.14M 646.71M 876.70M 827.00M
Gross Profit 4,210.97M 3,078.87M 3,537.47M 2,638.02M 2,194.11M 2,088.96M 1,847.88M 1,716.88M 1,973.92M 1,738.94M 1,801.14M 1,871.69M 1,813.73M 1,624.91M 1,550.16M 1,625.50M 2,244.39M 2,168.22M 2,093.43M 1,907.73M 2,559.77M 2,646.94M 2,760.66M 2,656.63M 3,124.62M 2,741.44M 2,155.64M 2,072.74M 1,412.85M 1,777.50M 1,741.60M
Gross Margin 40.8% 40.5% 40.7% 30.4% 32.5% 38.3% 33.7% 33.2% 37.1% 34.6% 33.5% 33.2% 33.6% 33.4% 32.3% 34.4% 46.5% 48.5% 50.5% 50.4% 54.0% 68.4% 59.0% 63.7% 61.2% 48.2% 55.0% 61.5% 68.6% 67.0% 67.8%
R&D Expenses 0.00M 0.00M 0.00M 0.00M 0.00M 1.78M 1.56M 2.44M 2.35M 1.44M 1.10M 1.41M 1.59M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
SG&A Expenses 427.13M 171.56M 110.65M 194.06M 171.23M 158.69M 154.68M 245.58M 237.09M 205.21M 181.73M 128.34M 123.30M 24.12M 2.64M 5.86M 129.72M 108.70M 102.81M 92.08M 141.93M 49.27M 64.01M 83.38M 75.23M 56.35M 70.32M 68.83M 61.64M 148.70M 186.10M
Operating Expenses 427.13M 171.56M 110.65M 194.06M 171.23M 160.47M 156.23M 248.02M 239.44M 206.65M 182.83M 129.75M 124.89M 24.12M 2.64M 5.86M 129.72M 108.70M 102.81M 92.08M 141.93M 49.27M 64.01M 83.38M 75.23M 56.35M 70.32M 68.83M 61.64M 148.70M 186.10M
Operating Income 3,783.84M 2,907.31M 3,426.82M 2,443.96M 2,022.88M 1,928.48M 1,691.64M 1,468.86M 1,734.48M 1,532.30M 1,618.31M 1,741.94M 1,688.83M 1,600.79M 1,547.51M 1,619.64M 2,114.66M 2,059.52M 1,990.62M 1,815.65M 2,417.84M 2,597.67M 2,696.65M 2,573.25M 3,049.39M 2,685.09M 2,085.32M 2,003.91M 1,351.21M 1,628.80M 1,555.50M
Operating Margin 36.7% 38.3% 39.4% 28.1% 30.0% 35.4% 30.8% 28.4% 32.6% 30.5% 30.1% 30.9% 31.3% 32.9% 32.2% 34.3% 43.8% 46.1% 48.1% 47.9% 51.0% 67.1% 57.6% 61.7% 59.7% 47.2% 53.2% 59.4% 65.6% 61.4% 60.6%
Interest Income 24.40M 25.01M 21.08M 33.72M 24.21M 33.73M 28.60M 66.37M 79.40M 69.80M 55.05M 54.22M 66.87M 48.35M 12.10M 13.11M 8.22M 17.09M 0.09M 7.67M 1.41M 0.00M 0.00M 15,287.67M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Interest Expense 691.43M 504.01M 449.23M 377.98M 339.42M 324.86M 311.15M 180.98M 196.76M 200.14M 196.63M 185.40M 208.59M 204.87M 257.84M 285.47M 285.50M 268.83M 200.95M 353.16M 126.69M 3.70M 107.91M 293,245.33M 24,053.67M 219,161.57M 73,486.33M 0.00M 0.00M 0.00M 0.00M
Net Interest Income -667.03M -479.00M -428.16M -344.26M -315.21M -291.13M -282.55M -114.61M -117.36M -130.34M -141.58M -131.18M -141.72M -156.52M -245.74M -272.37M -277.28M -251.75M -200.86M -345.50M -125.28M -3.70M -107.91M -277,957.67M -24,053.67M -219,161.57M -73,486.33M 0.00M 0.00M 0.00M 0.00M
Other Income / Expense -1,351.61M -1,052.16M -1,583.32M -775.20M -773.58M -864.29M -634.88M -806.59M -986.34M -729.81M -900.02M -1,015.11M -1,042.43M -984.18M -1,056.90M -908.45M -1,148.59M -1,153.38M -1,171.24M -917.71M -1,798.06M -2,162.11M -1,171.11M 273,803.28M 21,737.95M 217,092.07M 71,743.25M -1,651.42M -1,033.48M -1,207.50M -1,127.50M
Pre-Tax Income 1,765.20M 1,376.15M 1,415.35M 1,324.50M 934.09M 773.06M 774.21M 547.66M 630.77M 672.15M 576.72M 595.64M 504.68M 460.09M 244.87M 438.82M 688.80M 654.39M 618.51M 552.44M 494.51M 431.86M 1,417.63M -1,581.13M 733.67M 615.59M 342.24M 352.49M 317.73M 421.30M 428.00M
Pre-Tax Margin 17.1% 18.1% 16.3% 15.2% 13.9% 14.2% 14.1% 10.6% 11.9% 13.4% 10.7% 10.6% 9.4% 9.5% 5.1% 9.3% 14.3% 14.6% 14.9% 14.6% 10.4% 11.2% 30.3% -37.9% 14.4% 10.8% 8.7% 10.5% 15.4% 15.9% 16.7%
Income Tax Expense 185.37M 105.71M 146.93M 228.80M 101.08M 108.46M 98.05M 71.33M 220.01M 160.70M 214.24M 141.24M 87.76M 110.69M 68.57M 168.00M 208.26M 188.34M 201.64M 159.83M 147.47M 128.90M 158.54M -185.46M 225.04M 230.99M 120.04M 115.62M 102.47M 146.80M 152.20M
Tax Rate 10.5% 7.7% 10.4% 17.3% 10.8% 14.0% 12.7% 13.0% 34.9% 23.9% 35.0% 23.7% 17.4% 24.1% 28.0% 35.0% 30.2% 28.8% 32.6% 28.9% 29.8% 29.8% 11.2% 11.7% 30.7% 35.0% 35.0% 32.8% 32.3% 34.8% 35.0%
Net Income 1,579.83M 1,270.44M 1,268.42M 1,095.69M 833.00M 664.60M 676.16M 476.33M 410.76M 511.45M 362.48M 454.40M 416.93M 349.40M 176.30M 270.82M 480.54M 466.05M 416.87M 392.62M 347.03M 302.96M 1,259.09M -1,395.68M 508.63M 384.60M 222.20M 236.88M 215.26M 274.50M 275.80M
Net Margin 15.3% 16.7% 14.6% 12.6% 12.4% 12.2% 12.3% 9.2% 7.7% 10.2% 6.7% 8.1% 7.7% 7.2% 3.7% 5.7% 10.0% 10.4% 10.1% 10.4% 7.3% 7.8% 26.9% -33.5% 10.0% 6.8% 5.7% 7.0% 10.5% 10.3% 10.7%
EBIT 3,783.84M 2,907.31M 3,426.82M 2,443.96M 2,022.88M 1,928.48M 1,691.64M 1,468.86M 1,734.48M 1,532.30M 1,618.31M 1,741.94M 1,688.83M 1,600.79M 1,547.51M 1,619.64M 2,114.66M 2,059.52M 1,990.62M 1,815.65M 2,417.84M 2,597.67M 2,696.65M 2,573.25M 3,049.39M 2,685.09M 2,085.32M 2,003.91M 1,351.21M 1,628.80M 1,555.50M
Depreciation & Amortization 1,471.41M 1,135.35M 1,016.85M 880.54M 824.94M 723.49M 679.94M 642.56M 647.24M 614.75M 638.98M 593.78M 687.22M 547.80M 389.29M 432.32M 400.91M 314.06M 390.56M 280.80M 429.98M 420.68M 549.73M 606.51M 536.37M 450.27M 118,681.12M 255.77M 133.34M 395.40M 380.10M
EBITDA 5,255.25M 4,042.65M 4,443.67M 3,324.49M 2,847.82M 2,651.97M 2,371.58M 2,111.42M 2,381.71M 2,147.05M 2,257.29M 2,335.71M 2,376.05M 2,148.59M 1,936.80M 2,051.96M 2,515.57M 2,373.58M 2,381.17M 2,096.45M 2,847.82M 3,018.34M 3,246.37M 3,179.76M 3,585.76M 3,135.37M 120,766.45M 2,259.69M 1,484.54M 2,024.20M 1,935.60M
EBITDA Margin 50.9% 53.2% 51.1% 38.3% 42.2% 48.7% 43.2% 40.9% 44.7% 42.7% 41.9% 41.5% 44.0% 44.1% 40.4% 43.5% 52.1% 53.1% 57.5% 55.4% 60.1% 78.0% 69.4% 76.3% 70.2% 55.1% 30.8% 67.0% 72.1% 76.3% 75.4%
NOPAT 3,386.48M 2,683.98M 3,071.09M 2,021.77M 1,803.98M 1,657.91M 1,477.40M 1,277.55M 1,129.49M 1,165.96M 1,051.90M 1,328.89M 1,395.17M 1,215.67M 1,114.19M 1,052.76M 1,475.30M 1,466.76M 1,341.66M 1,290.37M 1,696.80M 1,822.35M 2,395.07M 2,271.43M 2,114.03M 1,745.31M 1,355.46M 1,346.64M 915.44M 1,061.25M 1,011.08M
NOPAT Margin 32.8% 35.3% 35.3% 23.3% 26.8% 30.4% 26.9% 24.7% 21.2% 23.2% 19.5% 23.6% 25.9% 25.0% 23.2% 22.3% 30.6% 32.8% 32.4% 34.1% 35.8% 47.1% 51.2% 54.5% 41.4% 30.7% 34.6% 39.9% 44.4% 40.0% 39.4%
Owner's Earnings 3,051.24M 2,405.78M 2,285.27M 1,976.23M 1,657.94M 1,388.09M 1,356.10M 1,118.89M 1,058.00M 1,126.20M 1,001.45M 1,048.18M 1,104.15M 897.20M 565.59M 703.14M 881.45M 780.11M 807.43M 673.42M 777.01M 723.64M 1,808.81M -789.17M 1,045.00M 834.88M 118,903.32M 492.65M 348.60M 669.90M 655.90M
Owner's Earnings Margin 29.6% 31.7% 26.3% 22.7% 24.6% 25.5% 24.7% 21.7% 19.9% 22.4% 18.6% 18.6% 20.5% 18.4% 11.8% 14.9% 18.3% 17.4% 19.5% 17.8% 16.4% 18.7% 38.7% -18.9% 20.5% 14.7% 30.4% 14.6% 16.9% 25.2% 25.5%
EPS 4.76 4.57 4.57 4.04 3.09 2.52 2.62 1.86 1.61 2.02 1.44 1.81 1.69 1.49 0.98 1.58 2.84 2.76 2.22 2.07 1.36 1.49 4.84 -4.51 1.75 1.44 0.87 1.22 1.13 2.00 2.05
EPS (Diluted) 4.76 4.57 4.57 4.04 3.09 2.52 2.62 1.86 1.61 2.02 1.44 1.81 1.69 1.49 0.98 1.58 2.84 2.76 2.22 2.07 1.36 1.49 4.84 -4.51 1.75 1.44 0.87 1.22 1.13 2.00 2.05
Shares (Diluted) 331.60M 278.18M 277.73M 270.99M 269.63M 263.80M 258.34M 256.58M 255.62M 253.00M 252.38M 250.86M 246.80M 233.86M 179.83M 171.58M 169.09M 168.69M 187.69M 189.23M 255.79M 203.38M 260.05M 309.57M 290.86M 266.53M 254.79M 194.26M 190.96M 137.36M 134.39M

Industry Balance Sheet

Metric MRQ 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Cash & Cash Equivalents 377.04M 546.69M 379.68M 278.75M 269.52M 416.55M 170.00M 184.89M 240.10M 284.97M 335.59M 248.41M 302.58M 275.20M 293.26M 341.93M 307.65M 147.90M 198.75M 74.72M 174.02M 400.92M 415.79M 638.11M 198.14M 145.90M 94.12M 41.89M 25.50M 51.10M 28.80M
Short-Term Investments 138.63M 46.70M 39.54M 35.19M 4.41M 56.10M 0.66M 12.05M 0.88M 9.50M 113.16M 235.47M 74.32M 90.70M 71.02M 196.24M 304.05M 297.52M 0.36M 0.00M 0.00M -2.13M -1.65M -138.86M -21.29M 0.00M 27.92M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 515.67M 593.39M 419.22M 313.94M 273.93M 472.65M 170.67M 196.94M 240.98M 294.47M 448.75M 483.88M 376.90M 365.90M 364.28M 538.17M 611.70M 445.42M 199.11M 74.72M 174.02M 398.79M 414.14M 499.25M 176.85M 145.90M 122.04M 41.89M 25.50M 51.10M 28.80M
Net Receivables 1,560.02M 1,362.15M 1,360.34M 1,470.43M 1,594.45M 816.48M 804.21M 715.42M 729.09M 792.47M 728.98M 834.85M 952.89M 771.00M 796.59M 485.64M 670.65M 539.03M 493.51M 367.97M 808.66M 760.90M 829.87M 552.14M 792.86M 954.76M 576.21M 332.59M 347.94M 519.10M 473.30M
Inventory 504.17M 364.95M 374.09M 384.99M 283.11M 233.58M 230.47M 224.13M 238.19M 253.97M 267.71M 284.41M 271.75M 316.53M 246.30M 256.00M 271.18M 275.76M 265.51M 254.36M 344.67M 323.47M 354.07M 414.43M 444.47M 294.25M 221.19M 139.18M 131.31M 154.40M 144.50M
Other Current Assets 996.67M 575.92M 950.80M 1,114.88M 1,351.51M 405.30M 426.83M 527.32M 575.45M 414.99M 361.68M 671.68M 597.77M 1,140.87M 677.46M 372.67M 512.91M 425.79M 376.23M 367.79M 607.45M 410.66M 538.12M 819.50M 343.73M 169.04M 102.73M 23.91M 37.40M 72.60M 57.90M
Total Current Assets 3,576.52M 2,896.41M 3,104.46M 3,284.25M 3,503.00M 1,928.01M 1,632.18M 1,663.81M 1,783.70M 1,755.89M 1,807.12M 2,274.82M 2,199.32M 2,594.30M 2,084.63M 1,652.47M 2,066.44M 1,686.00M 1,334.34M 1,064.84M 1,934.81M 1,893.82M 2,136.20M 2,285.33M 1,757.91M 1,563.95M 1,022.17M 537.58M 542.14M 797.20M 704.50M
Property, Plant & Equipment 31,562.72M 22,190.47M 20,384.51M 18,802.91M 17,257.47M 15,914.84M 14,711.51M 13,690.17M 13,694.70M 14,161.12M 13,164.35M 12,835.10M 12,236.47M 11,487.51M 8,768.63M 8,336.39M 8,032.37M 7,476.18M 7,722.24M 7,484.83M 8,906.61M 10,183.65M 9,299.71M 10,975.26M 13,007.97M 9,006.75M 4,530.70M 3,842.64M 3,844.76M 4,337.90M 4,310.30M
Goodwill 137.00M 649.59M 646.47M 657.77M 621.15M 419.22M 413.17M 342.48M 324.02M 360.41M 358.49M 364.06M 383.07M 384.67M 118.08M 119.53M 249.41M 239.96M 277.28M 0.00M 907.25M 313.33M 182.33M 11,846.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 264.38M 225.66M 540.95M 401.15M 212.30M 224.73M 106.66M 180.71M 160.98M 118.90M 114.68M 118.10M 126.95M 389.94M 212.91M 336.38M 248.38M 278.81M 74.18M 292.52M 90.00M 160.50M 22,832.32M 639.52M 20.45M 422.15M 190.73M 208.28M 519.10M 473.30M
Long-Term Investments 2,493.48M 1,623.05M 1,613.38M 1,602.54M 1,740.54M 1,552.38M 1,492.06M 1,483.87M 1,412.63M 1,395.54M 1,299.62M 1,126.45M 818.44M 885.31M 621.33M 614.11M 547.74M 465.36M 216.34M 4.33M 12.50M 143.00M 250.15M 296.29M 411.48M 325.71M 329.56M 266.97M 231.55M 0.00M 0.00M
Tax Assets 24.81M 240.52M 37.92M 503.19M 191.46M 178.10M 152.40M 178.75M 253.97M 94.83M 53.52M 184.85M 140.56M 188.86M 18.93M 35.75M 62.10M 26.93M 49.59M 54.69M 6.75M 111.78M 37.73M 29.30M 258.62M 25.58M 23.76M 35.21M 25.46M 0.00M 0.00M
Other Non-Current Assets 3,005.50M 1,937.19M 1,813.53M 1,703.96M 1,557.52M 1,346.48M 1,388.69M 1,166.30M 917.78M 1,475.84M 1,392.39M 1,299.38M 1,115.06M -1,071.53M 1,300.17M 1,474.49M 1,326.91M 1,533.68M 1,095.69M 1,057.23M 2,350.05M 2,225.79M 2,196.19M 4,986.32M 1,988.56M 1,534.96M 1,359.27M 1,122.29M 1,029.58M 1,398.40M 1,128.00M
Other Assets 0.00M 0.03M 0.00M 0.00M 0.00M 0.00M 0.00M 1.62M 1.72M 1.45M 10.52M 50.23M 2.10M 455.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 37,223.51M 26,905.23M 24,721.47M 23,811.31M 21,769.29M 19,623.33M 18,382.56M 16,969.85M 16,785.53M 17,650.17M 16,397.80M 15,974.77M 14,813.81M 12,457.36M 11,217.09M 10,793.18M 10,554.91M 9,990.50M 9,639.95M 8,675.27M 12,475.68M 13,067.55M 12,126.61M 50,965.50M 16,306.15M 10,913.45M 6,665.44M 5,457.85M 5,339.63M 6,255.40M 5,911.60M
Total Assets 40,800.02M 29,801.64M 27,825.93M 27,095.56M 25,272.29M 21,551.33M 20,014.74M 18,633.66M 18,569.24M 19,406.06M 18,204.92M 18,249.58M 17,013.12M 15,051.66M 13,301.72M 12,445.65M 12,621.35M 11,676.50M 10,974.30M 9,740.12M 14,410.49M 14,961.37M 14,262.80M 53,250.83M 18,064.06M 12,477.40M 7,687.61M 5,995.42M 5,881.77M 7,052.60M 6,616.10M
Accounts Payable 1,300.17M 1,028.78M 1,022.10M 1,023.70M 849.18M 608.42M 594.49M 587.79M 598.19M 541.42M 499.03M 575.55M 565.41M 494.62M 363.74M 385.54M 370.47M 296.14M 293.11M 278.45M 533.62M 559.98M 481.72M 557.11M 686.37M 778.34M 400.68M 192.12M 186.43M 236.30M 246.10M
Short-Term Debt 1,080.67M 996.97M 889.20M 936.29M 925.48M 373.50M 571.28M 711.61M 678.26M 509.42M 586.42M 600.70M 618.21M 160.98M 180.15M 232.21M 195.70M 359.31M 715.94M 427.54M 491.40M 628.99M 584.57M 3,298.40M 1,585.49M 826.95M 826.39M 292.49M 190.33M 629.60M 383.60M
Tax Payables 0.00M 133.32M 153.22M 136.68M 81.50M 69.39M 42.53M 30.25M 43.89M 37.51M 20.33M 23.52M 27.32M 31.54M 25.86M 30.41M 33.71M 5.76M 0.00M 0.00M 0.09M 0.00M 6.33M 0.00M 0.00M 14.62M 1.58M 0.00M 1.23M 0.00M 0.00M
Deferred Revenue 1.33M 61.22M 155.19M 51.38M 97.39M 73.01M 59.54M 17.41M 78.15M 54.11M 10.65M -18.35M 15.13M 114.92M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 2,054.32M 1,124.34M 1,504.25M 1,465.38M 2,035.99M 521.28M 609.51M 600.48M 583.63M 572.00M 593.38M 580.47M 598.39M 900.46M 537.27M 439.82M 491.79M 731.12M 106.78M 48.62M 218.96M 4.00M 315.76M 232.97M 39.95M 4.74M 7.40M 2.76M 3.47M 0.00M -0.10M
Total Current Liabilities 4,436.49M 3,344.63M 3,723.96M 3,613.42M 3,989.55M 1,645.60M 1,877.35M 1,947.53M 1,982.13M 1,714.45M 1,709.81M 1,761.88M 1,824.46M 1,702.52M 1,107.02M 1,087.98M 1,091.67M 1,392.33M 1,115.83M 754.60M 1,244.07M 1,192.97M 1,388.38M 4,088.48M 2,311.80M 1,624.66M 1,236.05M 487.37M 381.46M 865.90M 629.60M
Long-Term Debt 18,267.83M 10,911.52M 10,042.16M 9,149.96M 8,014.17M 7,815.80M 6,545.15M 6,139.89M 6,020.97M 6,595.25M 6,086.27M 5,668.47M 5,272.16M 5,437.56M 4,470.38M 4,674.50M 3,438.91M 3,182.71M 3,379.52M 3,208.86M 3,415.45M 4,829.01M 4,741.72M 3,314.86M 7,522.75M 4,659.79M 3,405.78M 1,586.24M 1,666.06M 1,592.60M 1,542.30M
Capital Lease Obligations 59.67M 413.56M 441.54M 379.94M 383.27M 377.86M 452.06M 155.50M 118.51M 78.62M 72.60M 26.15M 16.07M 4.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 425.54M 129.91M 190.62M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 3,672.54M 2,259.06M 2,107.50M 1,955.82M 1,608.03M 1,173.53M 1,369.50M 1,256.06M 1,280.70M 1,877.20M 1,707.42M 933.58M 866.35M 815.12M 1,299.23M 1,263.10M 1,140.84M 933.66M 888.12M 875.49M 1,179.34M 1,467.42M 1,431.00M 1,132.42M 1,546.76M 1,250.87M 870.88M 888.26M 897.32M 953.90M 1,002.70M
Other Non-Current Liabilities 6,146.50M 4,069.15M 3,838.35M 4,274.76M 3,837.28M 3,759.68M 3,757.86M 3,867.85M 4,608.09M 3,052.68M 2,749.62M 2,846.57M 2,482.45M 1,507.35M 1,026.17M 1,189.47M 1,925.26M 1,233.21M 1,127.72M 1,053.35M -1,430.45M -3,133.90M -1,830.10M -4,052.40M -6,183.61M -2,898.58M -3,964.14M -2,260.41M -2,353.74M -2,546.50M -2,545.00M
Total Non-Current Liabilities 28,146.54M 17,653.29M 16,429.55M 15,760.47M 13,842.76M 13,126.87M 12,124.57M 11,419.29M 12,028.26M 11,603.75M 10,615.92M 9,474.76M 8,637.03M 7,764.92M 6,795.78M 7,127.07M 6,505.01M 5,349.58M 5,395.36M 5,137.69M 3,589.87M 3,292.43M 4,533.24M 394.87M 2,885.90M 3,012.08M 312.51M 214.09M 209.64M 0.00M 0.00M
Total Liabilities 32,583.03M 20,997.92M 20,153.51M 19,373.90M 17,832.31M 14,772.47M 14,001.92M 13,366.83M 14,010.39M 13,318.20M 12,325.73M 11,236.65M 10,461.49M 9,467.44M 7,902.81M 8,215.05M 7,596.68M 6,741.91M 6,511.20M 5,892.30M 4,833.94M 4,485.40M 5,921.61M 4,483.36M 5,197.71M 4,636.73M 1,548.56M 701.47M 591.10M 865.90M 629.60M
Preferred Stock 6.67M 144.44M 144.44M 2.22M 2.00M 44.44M 50.48M 96.93M 34.54M 50.01M 128.04M 85.77M 53.73M 0.00M 0.00M 29.99M 29.99M 29.99M 34.99M 34.99M 189.25M 235.45M 95.66M 99.44M 113.44M 113.51M 113.50M 113.50M 145.17M 240.50M 240.50M
Common Stock 562.49M 492.37M 481.46M 478.15M 447.99M 443.26M 434.96M 393.69M 389.23M 388.45M 371.39M 368.21M 353.11M 347.55M 149.53M 56.98M 56.98M 52.97M 9.08M 1.85M 252.87M 334.72M 333.47M 332.93M 289.16M 285.09M 130.16M 127.70M 62.63M 172.70M 170.40M
Retained Earnings 7,302.95M 5,082.56M 4,676.96M 4,287.84M 3,609.75M 3,229.27M 2,962.90M 2,694.55M 2,479.20M 2,358.11M 2,168.94M 2,429.74M 2,373.28M 2,395.85M 2,203.16M 1,646.77M 1,511.13M 1,168.20M 583.88M 380.47M 705.53M 832.43M 744.23M -396.96M 1,642.58M 1,422.78M 529.24M 1,011.64M 962.63M 1,340.80M 1,266.00M
Accumulated OCI -48.17M -62.65M -35.83M -148.03M -141.22M -125.65M -112.32M -111.08M -67.51M -141.58M -155.23M -76.95M -17.35M -50.85M -37.69M -17.60M -18.50M -15.48M -7.26M 20.67M -93.27M -4.16M -40.44M -155.32M -104.20M -2,176.53M -3,458.66M -1,930.97M -1,809.43M -16.30M -8.20M
Minority Interest 396.59M 376.91M 419.34M 346.61M 302.24M 276.40M 262.74M 251.48M 697.11M 662.18M 300.98M 306.53M 311.48M 206.81M 81.47M 51.21M 65.55M 11.81M 7.34M 5.76M 58.72M 7.77M 19.86M 26.53M 242.00M 98.65M 6.12M 5.67M 7.77M 0.00M 0.00M
Total Shareholders’ Equity 7,823.93M 5,656.72M 5,267.02M 4,620.19M 3,918.52M 3,591.32M 3,336.02M 3,074.09M 2,835.46M 2,654.99M 2,513.14M 2,806.78M 2,762.78M 2,692.55M 2,314.99M 1,716.15M 1,579.60M 1,235.68M 620.69M 437.98M 1,054.38M 1,398.43M 1,132.92M -119.91M 1,940.99M -355.17M -2,685.76M -678.13M -639.01M 1,737.70M 1,668.70M
Total Equity 8,220.52M 6,033.63M 5,686.37M 4,966.80M 4,220.75M 3,867.72M 3,598.76M 3,325.58M 3,532.57M 3,317.17M 2,814.12M 3,113.31M 3,074.26M 2,899.36M 2,396.47M 1,767.36M 1,645.14M 1,247.50M 628.02M 443.74M 1,113.10M 1,406.21M 1,152.77M -93.38M 2,182.99M -256.51M -2,679.64M -672.46M -631.23M 1,737.70M 1,668.70M
Total Liabilities & Equity 40,803.55M 27,031.55M 25,839.88M 24,340.70M 22,053.06M 18,640.19M 17,600.68M 16,692.40M 17,542.95M 16,635.37M 15,139.85M 14,349.96M 13,535.75M 12,366.80M 10,299.27M 9,982.41M 9,241.83M 7,989.41M 7,139.22M 6,336.03M 5,947.04M 5,891.60M 7,074.39M 4,389.98M 7,380.70M 4,380.22M -1,131.08M 29.01M -40.13M 2,603.60M 2,298.30M
Tangible Assets 40,663.02M 28,887.67M 26,953.79M 25,896.84M 24,249.99M 20,919.81M 19,376.84M 18,184.52M 18,064.50M 18,884.66M 17,727.52M 17,770.84M 16,511.95M 14,540.04M 12,793.70M 12,113.21M 12,035.57M 11,188.15M 10,418.20M 9,665.93M 13,210.71M 14,558.04M 13,919.97M 18,572.50M 17,424.53M 12,456.95M 7,265.46M 5,804.70M 5,673.50M 6,533.50M 6,142.80M
Tangible Equity 8,083.52M 5,119.66M 4,814.23M 3,768.08M 3,198.46M 3,236.20M 2,960.86M 2,876.44M 3,027.83M 2,795.77M 2,336.73M 2,634.56M 2,573.09M 2,387.74M 1,888.45M 1,434.91M 1,059.36M 759.15M 71.92M 369.55M -86.67M 1,002.87M 809.94M -34,771.70M 1,543.47M -276.97M -3,101.79M -863.18M -839.51M 1,218.60M 1,195.40M
Tangible Book Value 8,083,518,986.00 5,119,657,787.70 4,814,231,098.40 3,768,082,501.83 3,198,455,737.21 3,236,200,830.51 2,960,863,863.27 2,876,435,677.38 3,027,832,828.95 2,795,773,783.20 2,336,727,243.92 2,634,561,106.88 2,573,089,704.14 2,387,737,616.33 1,888,451,386.31 1,434,912,657.77 1,059,359,602.06 759,150,327.66 71,924,913.12 369,551,976.39 -86,671,445.72 1,002,873,666.67 809,939,333.33 -34,771,703,000.00 1,543,467,666.67 -276,965,333.33 -3,101,789,000.00 -863,180,333.33 -839,508,000.00 1,218,600,000.00 1,195,400,000.00
Total Investments 2,815.11M 1,650.48M 1,634.11M 1,640.38M 1,769.86M 1,606.77M 1,552.48M 1,573.84M 1,525.47M 1,482.45M 1,456.13M 1,165.05M 839.86M 910.37M 1,148.98M 1,204.06M 1,098.17M 1,047.75M 378.52M 234.19M 575.98M 143.00M 250.15M 296.29M 411.51M 325.71M 329.56M 266.97M 231.55M 0.00M 0.00M
Net Debt 18,971.46M 11,361.79M 10,551.68M 9,807.49M 8,670.14M 7,772.76M 6,946.43M 6,666.62M 6,459.14M 6,819.70M 6,337.10M 6,020.76M 5,587.79M 5,323.33M 4,357.28M 4,564.78M 3,326.96M 3,394.12M 3,896.72M 3,561.67M 3,732.83M 5,057.07M 4,910.50M 5,975.16M 8,910.10M 5,340.84M 4,138.05M 1,836.83M 1,830.89M 2,171.10M 1,897.10M

Industry Capital Metrics

Metric MRQ 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Working Capital -107.96M -1,089.99M -1,133.99M -1,060.60M -1,184.92M 184.22M -382.70M -332.05M -391.72M -371.01M -369.68M -169.21M -3.52M 259.18M 185.94M 545.99M 333.93M 94.68M 18.72M 24.73M 25.69M 310.44M 160.00M -5,524.50M -1,200.84M -566.28M -949.32M -206.76M -110.22M -439.20M -286.90M
Total Capital 34,139.91M 21,430.75M 19,851.36M 18,329.97M 16,813.48M 15,194.39M 13,736.95M 12,165.77M 11,698.88M 12,407.06M 11,730.92M 12,096.52M 11,420.98M 9,286.81M 8,580.50M 8,718.12M 8,141.77M 7,623.08M 7,967.38M 7,099.56M 8,441.35M 10,123.01M 9,407.85M 9,316.30M 13,148.53M 9,007.09M 6,525.95M 4,031.10M 3,948.68M 4,598.60M 4,193.80M
Capital Employed 41,407.67M 26,782.99M 24,918.28M 23,676.75M 21,639.04M 20,645.11M 18,829.88M 17,016.54M 17,452.60M 17,660.78M 17,139.85M 17,299.05M 15,557.01M 15,722.79M 12,709.25M 12,901.34M 11,698.53M 11,132.50M 10,039.60M 9,757.38M 11,810.72M 13,451.31M 12,514.92M 8,764.62M 14,355.14M 10,347.17M 5,764.08M 5,099.86M 5,059.20M 5,400.50M 5,237.20M
Invested Capital 33,762.88M 20,884.06M 19,471.69M 18,051.22M 16,543.96M 14,777.84M 13,566.95M 11,980.88M 11,458.78M 12,122.10M 11,395.33M 11,848.10M 11,118.40M 9,011.61M 8,287.24M 8,376.19M 7,834.12M 7,475.17M 7,768.63M 7,024.84M 8,267.34M 9,722.09M 8,992.06M 8,678.19M 12,950.39M 8,861.19M 6,431.83M 3,989.21M 3,923.19M 4,547.50M 4,165.00M

Industry Cash Flow

Metric TTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Depreciation & Amortization 1,394.63M 1,098.46M 1,003.41M 885.99M 809.84M 722.64M 673.55M 627.70M 670.82M 626.66M 652.85M 608.45M 700.72M 561.17M 423.33M 432.32M 428.81M 313.23M 220.60M 89.43M 301.41M 350.18M 352.09M 342,926.87M 315,255.83M 276,300.98M -12.34M 5.44M 3.44M 0.00M 0.00M
Deferred Income Tax 90.29M 45.67M 21.78M -13.57M -2.43M 42.81M -79.11M 47.64M 227.17M 146.89M 191.68M 89.96M 104.80M 44.40M 74.86M 153.57M 176.45M 97.87M 88.43M 30.33M 66.51M 147.16M 40.28M -312.56M 28.25M 34.29M -14.97M -6.06M -9.10M -30.60M -11.10M
Stock-Based Compensation 17.11M 10.44M 26.82M 13.86M 14.42M 23.12M 20.96M 17.55M 20.53M 14.59M 18.82M 17.63M 15.61M 15.87M 10.43M 8.57M 7.43M 7.29M 6.33M 0.00M 3.00M 4.53M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -24.75M -70.54M 410.86M -866.71M -681.68M -85.41M -201.32M -60.07M -58.93M -31.85M 78.36M -152.17M -105.39M -31.19M -5.97M -48.99M 89.73M -63.91M -87.03M 64.31M -77.02M -145.98M 22.18M 252.37M -72.63M -23.35M 24.27M 48.21M 13.84M -35.10M 16.40M
Accounts Receivable -93.89M -60.44M 152.05M -354.20M -416.22M -117.32M 17.00M -103.37M -14.84M -45.35M 20.84M 17.59M -88.81M -47.05M -8.80M -8.50M 28.14M 0.29M -47.23M 53.88M -104.58M 148.91M -25.89M 42,011.26M 72,837.84M -147,891.41M -18.38M 5.08M -3.77M 0.00M 0.00M
Inventory -10.74M -21.40M -20.41M -65.09M -36.74M -10.16M -5.93M 3.77M 2.71M 3.94M 5.41M -31.17M 20.36M -23.33M 3.20M 28.01M 2.63M -34.02M -15.92M -22.89M -45.86M -42.40M -6.20M 15.74M -119.22M 11.93M -8.23M -6.07M 5.50M 0.00M 0.00M
Accounts Payable 23.49M -2.18M -102.12M 185.89M 100.12M 7.04M -0.17M 44.47M 17.52M 29.75M -49.18M -2.67M 38.43M -26.07M 2.57M -53.96M -20.29M 8.12M 0.00M -24.33M 84.61M 43.06M 34.24M 26,779.33M -108,648.67M 237,689.67M 13.54M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 14.61M 28.21M 407.39M -647.17M -456.50M -9.43M -155.06M -8.12M -80.37M 12.64M 94.42M -79.90M -132.75M 30.11M -20.92M -5.91M 47.11M -13.77M 12.19M -11.36M -11.19M -295.56M 20.03M -68,553.96M 35,857.42M -89,833.53M 37.34M 49.19M 12.11M -35.10M 16.40M
Other Non-Cash Items -146.58M -106.16M -282.22M 162.41M -19.81M 127.86M 98.99M 420.36M 678.75M 460.77M 691.58M 68.89M 126.18M 72.57M 256.81M 12.80M -46.35M 32.01M 26.17M -2.63M 109.57M 399.81M -1,023.13M 2,743.76M 329.83M 169.49M 309.98M 224.63M 247.12M 335.70M 292.70M
Net Cash from Operating Activities 2,652.31M 2,298.05M 2,424.57M 1,116.73M 826.82M 1,334.79M 1,390.08M 1,300.87M 1,387.84M 1,223.73M 1,301.45M 1,091.51M 961.10M 1,036.93M 898.10M 933.26M 1,119.23M 850.57M 843.94M 641.85M 620.54M 861.31M 684.38M 1,011.42M 866.01M 875.00M 529.14M 509.10M 470.56M 544.50M 573.80M
Capital Expenditures (PPE) -3,911.90M -2,761.35M -2,345.63M -1,898.02M -1,722.80M -1,384.23M -1,152.75M -1,103.62M -1,016.78M -1,014.30M -1,036.10M -1,055.92M -999.96M -1,203.06M -791.80M -429.73M -471.97M -486.21M -639.03M -421.56M -627.52M -732.15M -282.78M -1,554.56M -2,604.97M -1,451.64M -401.91M -262.71M -279.85M -412.50M -401.00M
Acquisitions (Net) 187.61M 100.60M -43.58M 16.21M 510.67M 102.87M 140.27M 243.87M -11.50M -28.45M 53.35M -12.77M -54.89M -16.92M -58.46M -22.21M -14.31M 11.57M -0.90M -103.86M 29.17M -129.33M -153.46M 53.60M -937.71M -637.65M -506.46M 0.00M -102.81M 0.00M 0.00M
Purchases of Investments -362.22M -291.92M -222.75M -310.64M -341.34M -414.09M -324.25M -334.12M -495.88M -292.91M -279.21M -259.87M -270.98M -189.29M -379.42M -331.51M -154.21M -433.49M -230.31M -176.93M -147.03M 0.00M -1.03M -87.27M -49.95M -30.55M -54.45M -44.94M -105.96M 0.00M 0.00M
Sales / Maturities of Investments 257.88M 295.14M 235.15M 406.80M 342.17M 394.27M 344.26M 319.28M 397.43M 323.39M 324.15M 251.19M 159.44M 202.44M 320.73M 227.70M 247.64M 260.34M 99.44M 106.70M 180.12M 23.91M 46.39M -39,591.83M 51,631.71M 2.97M 14.50M 6.02M 6.39M 0.00M 0.70M
Other Investing Activities -136.02M 43.92M 52.49M 18.94M -59.24M -60.29M -535.20M -653.79M -166.50M 93.47M 23.30M 29.99M 47.67M 25.05M -78.39M 49.08M -462.06M 14.64M 26.40M 36.33M 67.92M 85.78M -252.25M 39,445.97M -51,575.29M -66.33M -565.09M -52.18M -130.27M -235.50M -94.80M
Net Cash from Investing Activities -3,392.37M -2,574.66M -2,397.75M -1,641.16M -1,754.39M -1,089.93M -1,499.87M -1,394.34M -1,325.21M -1,271.66M -1,183.77M -1,422.60M -1,170.62M -1,188.94M -944.99M -886.26M -1,005.19M -992.76M -673.66M -831.21M -531.58M -772.40M -643.13M -1,734.08M -3,536.20M -2,153.86M -1,513.40M -353.81M -607.22M -648.00M -495.10M
Net Debt Issuance 1,878.96M 1,014.31M 651.26M 586.81M 685.75M 644.46M 257.51M 446.53M 193.57M 199.09M 88.25M 355.73M 298.05M 520.73M -17.68M 301.40M 174.17M 291.18M 356.70M 166.88M -272.13M -280.67M 122.30M 535.97M 2,640.60M 1,242.29M 1,209.23M 13.81M 235.45M 282.40M 44.30M
Long-Term Debt Issuance 1,660.34M 970.99M 668.24M 544.81M 338.30M 723.01M 164.51M 384.09M 201.70M 238.89M 260.79M 249.94M 220.19M 510.82M -39.83M 239.25M 226.96M 331.27M 129.25M 14.38M -311.96M -59.25M 213.30M 443.97M 2,225.54M 1,130.81M 1,101.46M 45.64M 163.85M 282.40M 44.30M
Short-Term Debt Issuance -27.25M -22.21M -33.84M -14.44M 266.89M -2.38M -26.45M 31.60M -9.69M -27.70M -115.36M 82.56M 66.53M -7.92M -65.68M 12.66M -40.85M -80.48M 0.00M 0.00M 89.58M 51.25M 0.00M 0.00M 207.39M 0.00M 72.00M 0.67M 40.67M 0.00M 0.00M
Net Stock Issuance 45.20M 277.00M 78.34M 8.55M 25.28M 174.71M 203.52M 81.55M 7.97M -1.60M -4.10M 29.15M -0.62M 11.26M -17.17M 101.30M 12.92M 41.96M 10.95M 35.40M 103.02M 471.99M 111.07M 229.85M 371.97M 341.37M 31.77M -7.57M 54.27M 41.70M 56.20M
Common Stock Issuance 71.22M 285.14M 153.76M 117.21M 76.62M 248.39M 204.39M 85.73M 15.19M 14.90M 12.46M 35.32M 6.25M 13.25M 16.43M 152.73M 23.30M 53.65M 12.96M 35.73M 165.77M 618.00M 121.41M 243.85M 371.97M 341.37M 31.77M 24.10M 89.33M 41.70M 56.20M
Common Stock Repurchased -32.18M -16.76M -19.40M -188.49M -52.45M -52.01M -6.04M -5.70M -1.98M -16.37M -16.45M -8.70M -5.57M -3.56M -29.99M -58.86M -0.16M -4.57M -0.33M -0.33M -62.75M -146.01M -10.33M -14.00M 0.00M 0.00M 0.00M -31.67M -35.07M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -737.83M -681.56M -659.68M -446.07M -404.45M -369.02M -303.14M -289.97M -272.55M -268.08M -271.77M -297.16M -246.73M -218.90M -172.19M -200.90M -193.39M -225.38M -193.23M -162.00M -245.76M -266.48M -237.77M -290.79M -289.30M -281.17M -191.33M -189.40M -179.67M -198.20M -191.40M
Common Dividends Paid -732.94M -671.78M -649.90M -446.07M -404.45M -369.02M -303.14M -289.97M -272.55M -268.09M -271.77M -287.91M -246.73M -213.35M -170.91M -199.61M -188.57M -217.52M -115.53M -68.16M -112.92M -106.81M -101.11M -165.46M -172.96M -165.00M -75.17M -73.23M -69.23M -198.20M -191.40M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.28M -0.09M -2.27M 0.00M -4.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -5.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -24.37M -110.88M -92.37M 22.41M 179.02M -22.30M -19.73M -20.58M -44.85M -36.57M 2.26M 109.42M 174.27M 50.38M -22.57M 10.18M 1.08M -9.74M -1.34M -4.78M -0.79M -24.73M -116.11M 711.78M 1.69M 0.00M -5.72M 33.37M 26.97M 0.00M 0.00M
Net Cash from Financing Activities 1,067.61M 471.23M 58.26M 484.87M 590.81M 490.76M 145.38M 202.25M 13.04M -62.13M -63.43M 312.77M 174.11M 291.32M -113.14M 347.46M 52.56M 42.11M 182.28M -57.10M -415.66M -99.90M -120.51M 1,186.81M 2,724.96M 1,302.49M 1,036.53M -149.79M 137.01M 125.90M -90.90M
Effect of FX on Cash -2.55M -5.34M -4.42M -13.74M -2.55M 1.68M -1.82M -4.61M -0.82M 0.59M -5.20M -0.26M -0.60M 1.65M -0.12M -0.19M -1.25M -4.02M 0.00M 0.00M 279.00M 1.15M -11.95M 10.47M -2.54M 0.24M -0.03M 0.00M 0.00M -0.10M -0.10M
Net Change in Cash -224.95M 128.75M 9.35M -0.02M -63.74M 213.25M -5.66M -31.74M -38.62M -54.80M 24.82M 4.96M 14.21M 58.08M -117.73M 107.10M 205.34M -56.20M 134.76M 32.38M 159.58M -193.51M -81.22M 493.31M 52.23M 4.66M 52.23M 5.50M 0.35M 22.30M -12.30M
Cash at Beginning of Period 696.17M 412.42M 320.33M 291.23M 437.08M 195.54M 203.23M 307.50M 347.82M 348.07M 251.21M 302.85M 278.23M 256.52M 341.93M 308.77M 148.49M 357.17M 76.01M 53.18M 26.69M 226.43M 633.41M 144.80M 145.91M 122.03M 41.89M 36.40M 25.15M 28.80M 41.10M
Cash at End of Period 579.41M 580.36M 423.91M 314.55M 291.23M 437.08M 195.54M 203.23M 307.50M 347.76M 339.29M 251.21M 302.57M 278.23M 293.74M 341.93M 307.65M 148.49M 200.04M 76.40M 186.27M 437.59M 552.20M 638.11M 198.14M 145.90M 94.13M 41.89M 25.50M 51.10M 28.80M
Operating Cash Flow 2,649.18M 2,298.05M 2,424.57M 1,116.73M 826.82M 1,327.56M 1,390.08M 1,300.87M 1,363.07M 1,241.95M 1,297.01M 1,091.51M 961.10M 1,036.93M 898.10M 933.26M 1,119.23M 844.14M 843.94M 644.02M 622.54M 862.60M 684.38M 1,011.42M 866.01M 875.10M 529.14M 509.10M 470.47M 544.50M 573.80M
Capital Expenditure -3,441.29M -2,760.31M -2,364.27M -1,897.35M -1,722.80M -1,760.57M -1,442.53M -1,361.26M -1,254.70M -1,303.91M -1,296.67M -1,275.35M -1,153.99M -1,321.17M -917.66M -615.40M -826.89M -924.21M -612.20M -421.56M -627.52M -733.82M -282.78M -1,554.56M -2,604.97M -1,451.64M -383.22M -262.71M -279.85M -412.50M -401.00M
Free Cash Flow -860.76M -500.50M -502.27M -375.99M -735.96M -428.21M -93.10M -91.24M 44.43M 45.83M 19.83M -67.97M -194.73M -195.13M 109.13M 175.45M 214.74M -66.07M 100.39M 174.35M -6.98M 125.50M 401.60M -543.14M -1,738.96M -576.54M 145.92M 246.39M 190.63M 132.00M 172.80M

Industry Free Cash Flow

Metric TTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
EBITDA 3,823.08M 2,928.30M 2,646.47M 2,442.60M 2,314.61M 1,902.40M 1,823.17M 1,511.92M 1,444.64M 1,330.30M 1,270.91M 1,532.99M 1,494.14M 1,318.74M 810.71M 1,159.67M 1,380.33M 1,277.79M 1,342.23M 1,180.49M 1,143.99M 1,055.96M 1,857.87M 1,772.91M 1,959.44M 1,396.50M 1,063.72M 1,008.20M 1,410.51M 908.80M 865.20M
(-) Tax Adjustment 401.48M 224.94M 274.73M 421.95M 250.48M 266.91M 230.90M 196.91M 503.89M 318.05M 472.12M 363.50M 259.81M 317.27M 227.01M 443.97M 417.34M 367.76M 437.58M 341.53M 341.16M 315.17M 207.77M 207.95M 601.03M 524.01M 373.10M 330.68M 454.90M 316.67M 307.67M
(-) Change In Working Capital -24.75M -70.54M 410.86M -866.71M -681.68M -85.41M -201.32M -60.07M -58.93M -31.85M 78.36M -152.17M -105.39M -31.19M -5.97M -48.99M 89.73M -63.91M -87.03M 64.31M -77.02M -145.98M 22.18M 252.37M -72.63M -23.35M 24.27M 48.21M 13.84M -35.10M 16.40M
(-) Capital Expenditure 3,441.29M 2,760.31M 2,364.27M 1,897.35M 1,722.80M 1,760.57M 1,442.53M 1,361.26M 1,254.70M 1,303.91M 1,296.67M 1,275.35M 1,153.99M 1,321.17M 917.66M 615.40M 826.89M 924.21M 612.20M 421.56M 627.52M 733.82M 282.78M 1,554.56M 2,604.97M 1,451.64M 383.22M 262.71M 279.85M 412.50M 401.00M
Unlevered Free Cash Flow 5.06M 13.59M -403.39M 990.01M 1,023.01M -39.66M 351.07M 13.81M -255.02M -259.81M -576.23M 46.32M 185.73M -288.51M -327.99M 149.29M 46.37M 49.72M 379.48M 353.10M 252.33M 152.95M 1,345.13M -241.97M -1,173.93M -555.79M 283.13M 366.60M 661.92M 214.73M 140.13M
(-) Net Interest Income After Taxes -596.98M -442.21M -383.71M -284.79M -281.10M -250.28M -246.76M -99.68M -76.43M -99.18M -88.98M -100.08M -117.08M -118.86M -176.93M -168.09M -193.45M -179.29M -135.38M -245.54M -87.92M -2.60M -95.84M -245,355.20M -16,675.56M -136,926.03M -47,711.07M 0.00M 0.00M 0.00M 0.00M
Net Debt Issuance 1,878.96M 1,014.31M 651.26M 586.81M 685.75M 644.46M 257.51M 446.53M 193.57M 199.09M 88.25M 355.73M 298.05M 520.73M -17.68M 301.40M 174.17M 291.18M 356.70M 166.88M -272.13M -280.67M 122.30M 535.97M 2,640.60M 1,242.29M 1,209.23M 13.81M 235.45M 282.40M 44.30M
Levered Free Cash Flow 2,481.00M 1,470.11M 631.58M 1,861.60M 1,989.87M 855.08M 855.34M 560.02M 14.97M 38.45M -399.00M 502.12M 600.86M 351.09M -168.74M 618.79M 413.99M 520.19M 871.56M 765.52M 68.11M -125.12M 1,563.27M 245,649.20M 18,142.23M 137,612.53M 49,203.43M 380.41M 897.37M 497.13M 184.43M